One of the major drivers of the growing demand in this market is the increasing environmental concern around the globe and government policies encouraging environment-friendly products in the developed and developing nations.
Growing Demand from Digital Printing Industry
The market for digital printing is growing at a rapid rate mainly due to its high demand in packaging. High advancement in product innovation has been increasing in recent times for folding cartons, flexible films, labels, etc. The major advantage of digital printing is its capacity to produce short print runs, being economical, and its usage to print a variety of different designs. Printing-on-demand reduces the waste produced. All these advantages are acting as a catalyst for the growing demand for global printing ink market.
Printing ink producers are still contending with continued downward pressure on margins from intense competition in high-volume printing segments. Also, persistently increasing raw material costs are few of the market restrains.
Packaging Industry Drive the Demand
The demand for printing inks is driven by the rapid growth of the packaging industry. The increasing demand for flexible packaging from the consumer goods industry and the adoption of several technological innovations in packaging have led to a significant growth of the packaging industry. The packaging industry is also rising rapidly with a significant demand from the food & beverage industry. The consumption of bottled water has been witnessing a continuous growth and is expected to rise further. Bottled water consumption accounted for about 117084.3 million gallons in 2017. Thus, the growing packaging applications are expected to fuel the market for printing inks during the forecast period.
Meanwhile, new markets, like conductive Inks and printed electronics, are emerging which will show new applications in this space.
China, the Emerging Leader in the Market
The landscape of China’s ink industry is relatively stable, with foreign companies still holding most market share. However, with small- or middle-sized printing companies spread throughout China, the domestic ink companies are taking advantage of their flexibilities and efficiencies and growing their businesses in the printing ink market around the world. With policies like, China’s legalized environmental regulations, the market for environment-friendly inks will grow much faster. Southeast-Asia registered the highest CAGR due to the growing demands from China.
Notable Developments in the Market
March 2018: InkJet, Inc., NiceLabel partnered to offer advanced labeling solutions.
August 2017: Hubergroup, INGEDE seek deinkable UV ink.
The major players include - DIC/SUN CHEMICALS, FLINT GROUP, TOYO INK, SAKATA INX, SIEGWERK GROUP, and DOWDUPONT, amongst others.
Reasons to Purchase the Report
To understand the impact of end-user applications on the market.
Analyzing various perspectives of the market with the help of Porter’s Five Force analysis.
Countries expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3-month analyst support along with the Market Estimate sheet (in Excel).
Customization of the Report
This report can be customized to meet your requirements.
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Competitive Rivalry
3.3 Trade Analysis
4. Market Dynamics
4.1.1 Growing Demand from Digital Printing Industry
4.1.2 High Demand from Packaging Sector
4.2.1 Decline in Commercial Printing Industry
4.2.2 Stringent Regulations Regarding Disposal
4.3.1 Growth in Demand for Bio-based and UV Curable Inks
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Type
5.2 By Process
5.2.1 Lithographic Printing
5.2.2 Flexographic Printing
5.2.3 Gravure Printing
5.2.4 Digital Printing
5.2.5 Others (Including Letter Press, etc.)
5.3 By Application
5.3.2 Commercial & Publication
5.3.4 Others (Including Decorative Printing, Security Printing, etc.)
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 Australia & New Zealand
6.1.6 ASEAN Countries
6.1.7 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.6 The Netherlands
6.3.7 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products and Services, and Recent Developments)
8.2 Dainichiseika Color & Chemicals Mfg. Co. Ltd
8.4 Epple Druckfarben AG
8.5 Flint Group
8.8 Sakata INX
8.9 Sanchez SA de CV
8.11 Siegwerk Group
8.12 Sun Chemical
8.13 T&K Toka Co. Ltd
8.14 Tokyo Printing Ink Mfg Co. Ltd
8.15 Van Son
8.16 Wikoff Color
8.17 Xinxiang Wende Xiangchuan Printing Ink Co. Ltd
8.18 Yip's Chemical Holdings
*List not exhaustive
**Subject to availability on public domain
- Dainichiseika Color & Chemicals Mfg. Co. Ltd
- Epple Druckfarben AG
- Flint Group
- Sakata INX
- Sanchez SA de CV
- Siegwerk Group
- Sun Chemical
- T&K Toka Co. Ltd
- Tokyo Printing Ink Mfg Co. Ltd
- Van Son
- Wikoff Color
- Xinxiang Wende Xiangchuan Printing Ink Co. Ltd
- Yip's Chemical Holdings